Offshore Energy Can Help Power American Greatness

Washington, D.C. – National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement after President Trump delivered his first State of the Union address:

“Tonight, President Trump delivered his view of where America is and where we are heading. Significant regulatory reforms, including reforms in the energy sector, and the recently signed tax bill are allowing more U.S. companies to compete globally. A booming stock market, low unemployment rate and new bonuses for many Americans all portend a stronger economic future. NOIA appreciates President Trump’s recognition that there is more growth and security we can achieve through American energy dominance.

“American energy dominance can only be accomplished through an all-of-the-above energy strategy. A path towards this goal flows through the administration’s unprecedented 2019-2024 National Offshore Oil and Gas Leasing Draft Proposed Program. The Draft Proposed Program could allow for access to valuable untapped offshore resources that belong to every American. If fully realized, the plan could create hundreds of thousands of new jobs, generate billions in new federal, state and local revenue and deliver affordable and reliable energy produced here in the U.S. under the toughest safety and environmental standards in the world.

“NOIA stands ready to work with President Trump, his administration and Congress in helping fuel the American economy. Together, and with policies in place that maximize American’s access to federal offshore areas, we can strengthen our economy, keep energy affordable for hardworking American families and consumers and cement our position as the global energy leader.”

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ABOUT NOIA

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf. NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises about 250 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.